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solarbird ([personal profile] solarbird) wrote2009-03-31 11:25 am
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Anybody reading with WaMu credit cards?

Anybody with Washington Mutual credit cards - soon to be Chase credit cards - should be aware of these changes in terms Chase have been forcing onto their customers. In the writer's view, they're violating truth-in-lending laws and existing contracts in doing so - either way, the changes are worth noting.
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[identity profile] firni.livejournal.com 2009-03-31 06:40 pm (UTC)(link)
I can't get Chase to drop my interest rate below 10.24%, DESPITE the ridiculously low prime rate. Then again, maybe they're pissed at me because I pay the balance off every month.

[identity profile] starsongky.livejournal.com 2009-03-31 09:26 pm (UTC)(link)
I've got one of those WaMu cards Chase bought out and haven't noticed any changes yet, but then again I had a considerably higher interest rate already (closer to 25%) so I might not.

[identity profile] torquemada.livejournal.com 2009-03-31 11:58 pm (UTC)(link)
Citi flung the interest rate on the AT&T-branded card I have from 12.74% to 18.9% (and rising, by a few tenths every two months) starting about four months ago. Then, two months ago, they bumped my credit limit up by about a thousand dollars.

man, what

[identity profile] firni.livejournal.com 2009-04-01 01:54 am (UTC)(link)
They've got to make up for all those bad loans SOMEHOW. I mean, TARP will only go so far, you know.

[identity profile] sylphslider.livejournal.com 2009-04-01 03:44 am (UTC)(link)
Chase lowered my APR on my two WaMu credit cards.
solarbird: (asumanga-yay)

[personal profile] solarbird 2009-04-01 04:26 am (UTC)(link)
Yay!
solarbird: (Default)

[personal profile] solarbird 2009-04-01 04:26 am (UTC)(link)
That's just bullshit right there. You need a credit union account something fierce.

[identity profile] mr-pandakun.livejournal.com 2009-04-01 04:49 am (UTC)(link)
The big laugh I had with Chase earlier was when one day I opened my credit card bill to see that my APR had shot from 12% to 33.33% in one pay period. Why? Good question! The phone rep couldn't explain it, or their manager, beyond "we've reviewed your credit ratings which have reflected in the changes to your rate". I didn't default on a loan, go bankrupt, lose my job, make any sort of late payment to *any* of my accounts - Chase or otherwise - or for that matter have any changes to the way I did business.

They just decided, pretty much out of the blue, to rack the rate up. So I got the hell out of there and jumped ship to Citi and (lucky for me) USAA.
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